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- 🔍Scoops Spotlight
Hey friends - it’s Friday, at least.
Welcome back to the weekly Scoops Spotlight, where we’ll serve up a little summary of the week with the company scoops that got the most community reactions.
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🌎 The Big Picture
If you haven’t heard, President Trump escalated the global trade war this week, launching metaphorical economic missiles at every other nation in the world, even uninhabited islands. The penguins have not been buying enough American products.
The market tanked on Thursday after President Trump announced steep tariffs on nearly all imported goods. It was the worst day for the market since 2020, and the S&P 500 is now down 12% from its record high just six weeks ago.
The announced measures were worse than many were expecting, and the approach to the policies implied that these would not be final numbers. Major nations vowed retaliation, which could drive global prices higher and make it more difficult for American companies to compete abroad.
Investors hoped this announcement would clear up some uncertainty and help businesses move forward with hiring, spending, and investment plans. However, this only solidified the expectation for short-term economic pain and more uncertainty.
On top of that, business activity seems to be slowing, layoff announcements are climbing, and the AI boom is showing signs of losing steam. The enthusiasm for the billions that corporations were spending on AI has been the main thing fueling the stock market for the past couple of years. Now, there are signs that big spenders like Microsoft are cutting back.
There’s not much to get excited about.
How are you feeling about the economy? |
Get the full breakdown of all the trends affecting your home, wallet, and career in the new Weekend Scoop on the Scoops app!
🏭 The Companies Everyone’s Talking About
 Tesla 👍 61% 👥 41% | 🌏 54% | 💰 69% | Musk Backlash Tesla's quarterly sales have plummeted 13% to a nearly three-year low, amid growing boycotts and backlash against CEO Elon Musk's political activity. The electric automaker also faces increasing competition from Chinese rivals like BYD, and sales in key European markets have fallen for a third straight month. |
 Tyson Foods 👍 50% 👥 51% | 🌏 46% | 💰 53% | Price Fixing Claims Tyson and other major pork producers must face lawsuits accusing them of conspiring to restrict supply and fix prices, causing billions of dollars in overcharges, a US judge has ruled. The decision clears the way for a jury to weigh antitrust claims against Tyson, Smithfield Foods, and JBS USA, amid a broader set of cases accusing meat producers of fixing prices in their markets. |
 Stellantis 👍 48% 👥 47% | 🌏 47% | 💰 48% | Tariff Trouble Stellantis temporarily halted production at plants in Canada and Mexico due to President Trump's new 25% automotive tariffs, affecting nearly 900 US employees and 4,500 Canadian workers. The Jeep and Dodge maker is trying to navigate slumping sales while seeking a new CEO, after Carlos Tavares stepped down in December. |
 International Business Machines 👍 53% 👥 50% | 🌏 46% | 💰 55% | Discrimination Claim IBM must face a lawsuit from a white male worker who claims he was fired to further the company's diversity goals, a federal judge has ruled. The case highlights the challenges companies face in implementing diversity policies without violating anti-discrimination laws. |
 T-Mobile 👍 45% 👥 47% | 🌏 51% | 💰 57% | DEI Ditched T-Mobile removed Diversity, Equity, and Inclusion (DEI) policies from its website in order to finalize its joint venture with fiber-to-home provider Lumos following pressure from FCC Chair Brendan Carr, who promised to block any merger deals that recognized DEI. This move solidifies T-Mobile's position as a major player in the broadband industry, with a goal to reach 3.5 million homes by the end of 2028. |
Dig into more scoops and vote on company approval ratings in the Scoops app!
❔ The Big Question of the Week
Does Elon Musk's personal behavior affect your perception of Tesla? |
Challenge your perspectives and learn from the community voting on the Scoops app!
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